Registered number
12464693
Bean Coffee Rochdale No. 2 Ltd
Unaudited Filleted Accounts
31 March 2023
Bean Coffee Rochdale No. 2 Ltd
Registered number: 12464693
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 16,597 20,513
Current assets
Stocks 4,063 1,135
Debtors 4 15,737 78,941
Cash at bank and in hand 5,033 52,930
24,833 133,006
Creditors: amounts falling due within one year 5 (82,348) (110,307)
Net current (liabilities)/assets (57,515) 22,699
Total assets less current liabilities (40,918) 43,212
Creditors: amounts falling due after more than one year 6 (31,548) (37,258)
Net (liabilities)/assets (72,466) 5,954
Capital and reserves
Called up share capital 1 1
Profit and loss account (72,467) 5,953
Shareholders' funds (72,466) 5,954
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J Whyte
Director
Approved by the board on 16 December 2023
Bean Coffee Rochdale No. 2 Ltd
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fit-out 15% reducing balance
Equipment 20% reducing balance
Fixtures and fittings 20% reducing balance
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 8 4
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2022 28,806
At 31 March 2023 28,806
Depreciation
At 1 April 2022 8,293
Charge for the year 3,916
At 31 March 2023 12,209
Net book value
At 31 March 2023 16,597
At 31 March 2022 20,513
4 Debtors 2023 2022
£ £
Other debtors 15,737 78,941
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 55,611 91,211
Taxation and social security costs 15,777 7,589
Other creditors 960 1,507
82,348 110,307
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 31,548 37,258
7 Related party transactions
At 31 March 2023, the company was owed £13842 (2022 - £73,714) by Bean Coffee Holdings Ltd. Both companies being under the control of the directors J Whyte and V Bhatt.
8 Other information
Bean Coffee Rochdale No. 2 Ltd is a private company limited by shares and incorporated in England. Its registered office is:
300 St Mary's Road
Garston
Liverpool
Merseyside
L19 0NQ
Bean Coffee Rochdale No. 2 Ltd 12464693 false 2022-04-01 2023-03-31 2023-03-31 VT Final Accounts April 2022 J Whyte No description of principal activity 12464693 2021-04-01 2022-03-31 12464693 core:WithinOneYear 2022-03-31 12464693 core:AfterOneYear 2022-03-31 12464693 core:ShareCapital 2022-03-31 12464693 core:RetainedEarningsAccumulatedLosses 2022-03-31 12464693 2022-04-01 2023-03-31 12464693 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 12464693 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 12464693 bus:Director40 2022-04-01 2023-03-31 12464693 1 2022-04-01 2023-03-31 12464693 2 2022-04-01 2023-03-31 12464693 core:PlantMachinery 2022-04-01 2023-03-31 12464693 countries:England 2022-04-01 2023-03-31 12464693 bus:FRS102 2022-04-01 2023-03-31 12464693 bus:FullAccounts 2022-04-01 2023-03-31 12464693 2023-03-31 12464693 core:WithinOneYear 2023-03-31 12464693 core:AfterOneYear 2023-03-31 12464693 core:ShareCapital 2023-03-31 12464693 core:RetainedEarningsAccumulatedLosses 2023-03-31 12464693 core:PlantMachinery 2023-03-31 12464693 2022-03-31 12464693 core:PlantMachinery 2022-03-31 iso4217:GBP xbrli:pure